MUNI THE BOSS

The Sensex is trading in a lackluster manner due to lack of buying seen in index pivotals. Midcap and Smallcap index outperformed. Consumer durable, auto and oil & gas traded higher, while capital goods, banking and metal stocks dropped. At 12.17 p.m., the Sensex was trading up 14.77 points or 0.07% at 20,947.25 with 13 components gaining. Meanwhile, the Nifty was trading lower by 2.45 points or 0.04% at 6,299.10 with 29 components falling.

The 30-share benchmark index, BSE Sensex opened flat with a decline of 14.94 points or 0.07% at 20,917.54, while the broad based NSE Nifty started with a fall of 20.55 points or 0.33%, at 6,281.

Sensex Movers

Tata Motors contributed rise of 19.07 points in the Sensex. It was followed by Reliance Industries (17.28 points), Infosys Technologies (10.9 points), Mahindra & Mahindra (8.07 points) and Oil & Natural Gas Corporation (7.88 points).

However, I C I C I Bank contributed fall of 18.18 points in the Sensex. It was followed by Hindalco Industries (13.83 points), Larsen & Toubro (11.05 points), State Bank Of India (6.94 points) and Bharat Heavy Electricals (5.35 points).

Major gainers in the 30-share index were Tata Motors (3.66%), Mahindra & Mahindra (1.84%), Oil & Natural Gas Corporation (1.05%), Reliance Energy (0.91%), Wipro (0.89%), and Jaiprakash Associates (0.72%).

On the other hand, Hindalco Industries (3.47%), Cipla (1.34%), I C I C I Bank (0.98%), Hindustan Unilever (0.97%), Bharat Heavy Electricals (0.97%), and Tata Power Company (0.89%) were the biggest losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps outperformed their larger counterparts gaining 0.65% and 1.06% respectively.

The major gainers in the BSE Midcap were Allcargo Global Logistics (2.96%), Aban Offshore (1.33%), Allahabad Bank (0.84%), A I A Engineering (0.06%) and Amara Raja Batteries (0.05%).

The major gainers in the BSE Smallcap were Abhishek Industries (4.95%), A B G Shipyard (3.81%), Aarti Industries (2.32%), A K Capital Services (1.51%) and A B G Infralogistics (0.58%).

Sectors in Limelight

The Consumer Durables index was at 7,112.33, up by 198.76 points or by 2.87%. The major gainers were Whirlpool Of India (2.47%), Rajesh Exports (1.8%), Gitanjali Gems (1.43%), Bajaj Electricals (1.38%) and Blue Star (0.16%).

The Auto index was at 10,433.74, up by 132.86 points or by 1.29%. The major gainers were Apollo Tyres (3.15%), Bharat Forge (2.42%), Ashok Leyland (0.81%), Amtek Auto (0.78%) and Exide Industries (0.7%).

The Capital Goods index was at 16,574.00, down by 118.61 points or by 0.71%. The major losers were Crompton Greaves (2.03%), Bharat Heavy Electricals (0.97%), Bharat Electronics (0.9%), A B B (0.81%) and Lakshmi Machine Works (0.12%).

The Bankex index was at 14,833.64, down by 65.49 points or by 0.44%. The major losers were Punjab National Bank(1.22%), Kotak Mahindra Bank (1.08%), I C I C I Bank (0.98%), Canara Bank (0.75%) and Bank Of India (0.03%).

Market Breadth

Market breadth was positive with 1,902 advances against 989 declines.

Value and Volume Toppers

Tata Motors topped the value chart on the BSE with a turnover of Rs. 1,404.02 million. It was followed by Coal India (Rs. 1,112.26 million), State Bank Of India (Rs. 701.43 million) and Jet Airways (India) (Rs. 547.17 million).

The volume chart was led by Cals Refineries with trades of over 34.29 million shares. It was followed by Avon Corporation (8.77 million), FCS Software Solutions (8.34 million) and Assam Company India (6.08 million).